Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0216%/8h= +23.7% APRpaid last 24h −0.021%

Price spread now: StandX against Bitget−0.054%51s7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.318% of the position

Long on Bitget Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$19 on $10k

Price spread, last 7 days+0.043%+$4 · spread now −0.054%, 7d avg −0.008%

Together, before fees−0.151%+ Points / potential airdropStandX: Active · farm board−$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.046% cheaper against Bitget than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of −0.008%). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.195%, so the current rate has only just turned in your favour. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUUSDT	1,037.6	−0.0216	get 0.0216% / 8h	1h 31m	$20.2M	$40.3M	50x
Short	StandX MU-USD	1,037	0	get 0.0000% / 1h	31m 43s	$187K	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee StandXbpOrdersPrice spread, now −0.054%Rate

Funding earned: $45.36
Price spread: −0.054% → −0.008%: −$4.56
Slippage, 4 orders: −$11.79
Fee Bitget: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: $9.01
Costs to cover: 0.318%
Break-even: 5.6 days

Slippage from Bitget: live order book, 2 min ago; StandX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 2 min ago	0.05 bp	7.5 bp −$7	11.1 bp −$111	20.0 bp −$1,996	doesn't fit
Sell StandX live order book, 2 min ago	2.80 bp	9.4 bp −$9	15.6 bp −$156	doesn't fit	doesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDC	−0.0833%	4h	1,036.3	−0.125%	$1.3M	$672K	10x	as long as short
Bitget MUUSDTlong	−0.0216%	8h	1,037.6	long leg	$20.2M	$40.3M	50x
Aster MUUSD1	0.0000%	8h	1,037.6	+0.007%	$21.1M	$58.9M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.3	−0.027%	$121.5M	$537.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.5	−0.010%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037	−0.051%	$29.8M	$100.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,037.5	−0.002%	$314K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037	−0.055%	$61.8M	$28.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.2	−0.137%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.4	−0.115%	$73K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USDshort	0.0000%	1h	1,037	−0.054%	$187K	$3.5M	20x
Bullet MU-USD	0.0000%	1h	1,036.5	−0.103%	$26K	$389K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.8	+0.026%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036.3	−0.120%	$74K	$561K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.5	−0.100%	$127K	$441K	50x	as long as short
Nado MU-PERP	+0.0004%	1h	1,036.2	−0.127%	$277K	$815K	10x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,036	−0.152%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,037.2	−0.036%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.1	−0.047%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.9	−0.066%	$540K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,037.1	−0.050%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.329%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.4	−0.113%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.5	−0.103%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.9	−0.065%	$176.1M	$88.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,036.2	−0.132%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036.7	−0.082%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.9	−0.160%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,037.1	−0.048%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,036.2	−0.128%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.9	−0.067%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036.7	−0.084%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.6	−0.098%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.3	−0.121%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.149%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037.1	−0.047%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,035.9	−0.161%	$530K	$270K	15x	as long as short